You are given the following decision tree, with the probabilities at event nodes shown in parentheses and
Question:
You are given the following decision tree, with the probabilities at event nodes shown in parentheses and with the payoffs at terminal points shown on the right. Analyze this decision tree to obtain the optimal policy.
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10 (0.5) (0.5) 30 (0.5) -10 (0.5) (0.4) 40 (0.3) (0.7) -10 (0.6) 10
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Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets
ISBN: 978-0078024061
5th edition
Authors: Frederick S. Hillier, Mark S. Hillier
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